Needham Says Buy Citrix Systems

October 21, 2011

Citrix Systems (NASDAQ:CTXS) upgraded to Buy from Hold at Needham. The stock closed yesterday at $64.50 on volume of 2.7 million shares, below the average daily volume of 2.9 million. Citrix Systems (NASDAQ:CTXS) has potential upside of 15.1% based on a current price of $64.5 and an average consensus analyst price target of $74.25.In the past 52-weeks, shares of Citrix Systems have traded between a low of $50.21 and a high of $88.49 and are now at $64.5, which is 28.5% above that low price.